The prices in real estate in Peshawar, in the Khyber Pakhtunkhwa region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Peshawar has increased strongly during the last 6 months. In July, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to Rs. 4,397. The price for the following two months in (September, October) had a considerable increment of 325 %. The price per sq.feet has had a considerable increase of 176 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of Rs. 4,670 to Rs. 8,228 during November, and December.
Based upon to the price in Peshawar (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is . During August the price went through a considerable rise reaching Rs. 98.51 lakhs. During the following two months (September, October) the average price had a considerable increase of 394 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 237 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of Rs. 2.88 crores they are 93 % more affordable than the average price for Peshawar. The properties with the lowest average price have 2 bedrooms, Their price is 64 % cheaper than the average. After that we have properties with 1 bedroom priced at Rs. 1 crores.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of Rs. 3,841 / sq.feet, with an average Rs. 8,228 / sq.feet price in Peshawar. The properties with the highest average prices have 4 bedrooms. They are 1143 % more expensive than the average followed by properties with 2 bedrooms with a price at Rs. 23,107 / sq.feet.
The graph displaying the average prices displays the property type "Residential Plot" as the most affordable one. At an cost of Rs. 2.88 crores it is 83 % cheaper than the average price in Peshawar. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of Rs. 72.87 lakhs it is 63 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Residential Plot" at an average cost of Rs. 2,434 / sq.feet followed by "Land" priced at Rs. 4,691 / sq.feet. "Apartment" is the most costly type of property with a Rs. 36,283 / sq.feet cost followed by "Commercial Property" with an average price of Rs. 14,631 / sq.feet.